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THE MINISTRY OF FINANCE

THE MINISTRY OF FINANCE

DECISION No.127/1999/QD-BTC OF OCTOBER 22, 1999 PROMULGATING THE BRACKET OF CHARGES AND FEES APPLICABLE TO SECURITIES MARKET ACTIVITIES

THE MINISTER OF FINANCE

Pursuant to the Government�s Decree No.15/CP of March 2, 1993 on the tasks, powers and State management responsibilities of the ministries and ministerial-level agencies;

Pursuant to the Government�s Decree No.178/CP of October 28, 1994 on the tasks, powers and organizational structure of the Ministry of Finance;

Pursuant to the Government�s Decree No.04/1999/ND-CP of January 30, 1999 on the fees and charges belonging to the State budget;

Pursuant to the Government�s Decree No.48/1998/ND-CP of July 11, 1998 on securities and securities market;

After consulting the State Securities Commission (in Official Dispatch No.141/UBCK of October 14, 1999);

At the proposal of the General Director of Tax,

DECIDES:

Article 1.- To promulgate together with this Decision the bracket of charges and fees applicable to securities market activities.

Article 2.- The agency(ies) collecting the charges and fees for the State management over securities market activities shall carry out the registration, declaration and payment of fees with the tax authorities of localities where such fees are to be collected according to provisions of the Ministry of Finance�s Circular No.54/1999/TT-BTC of May 10, 1999 guiding the Government�s Decree No.04/1999/ND-CP of January 30, 1999 on the fees and charges belonging to the State budget.

Article 3.- Organizations and individuals engaged in securities market activities shall have to pay charges and fees stipulated in this Decision.

Article 4.- The agency(ies) collecting charges and fees for securities activities may deduct 10% of the collected charge and fee amount to cover the collection-organizing expenses according to provisions at Point 5.b, Section III of the Ministry of Finance�s Circular No.54/1999/TT-BTC of May 10, 1999. Particularly for the securities trading centers, the deduction levels shall comply with the provisions at Point 3c, Section II of the Ministry of Finance�s Circular No.10/1999/TT-BTC of January 29, 1999 provisionally guiding the financial management regime applicable to the Securities Trading Centers.

Article 5.- This Decision takes effect 15 days after its signing.

Article 6.- Organizations and individuals liable to pay charges and fees for securities activities, units tasked by the State Securities Commission to organize the collection of charges and fees, and the concerned agencies shall have to implement this Decision.

For the Minister of Finance

Vice Minister
PHAM VAN TRONG

APPENDIX 1

THE BRACKET OF FEES FOR GRANTING OF LICENSES FOR SECURITIES ISSUANCE, LICENSES FOR SECURITIES TRADING AND PRACTICE

(Promulgated together with the Finance Minister�s Decision No. 127/1999/QD-BTC

of October 22, 1999)

Ordinal Fees to be collected Fee levels Notes

number

1 Fee for granting of share 0.02% of the total value of

issuance license to be-issued shares, but must

not exceed 50 million dong

2 Fee for granting of bond 0.02% of the total value of

issuance license to be-issued bonds, but must

not exceed 50 million dong

3 Fee for granting of permit for 0.02% of the total value of the

re-registration of shares and bonds to be - re-registered shares and

bonds, but must not exceed

50 million dong

4 Fee for granting of operation license to 0.2% of such firm�s legal

securities firm capital

5 Fee for granting of operation license to 0.2% of such company�s legal

fund managing company capital

6 Fee for granting of operation license to 0.2% of such branch�s legal

branch of foreign investment fund capital

managing company

7 Fee for granting of license for setting up 0.02% of the total value of the

securities investment fund issued certificates, but must not

exceed 50 million dong

8 Fee for granting of license for securities 6,000,000 dong (Commonly custody operation applicable to

custody banks)

9 Fee for granting of license for opening of 1,000,000 dong

representative office of foreign securities

trading organization in Vietnam

10 Fee for granting of practitioner�s license 1,000,000 dong

to individual trading in securities and/or

providing securities and fund management

services

APPENDIX 2

THE BRACKET OF CHARGES AND FEES APPLICABLE TO ACTIVITIES CONDUCTED AT SECURITIES TRADING CENTERS

(Promulgated together with the Finance Minister�s Decision No.127/1999/QD-BTC

of October 22, 1999)

Ordinal Charges and fees Fee levels Notes

number to be collected

1 Trading membership fee 50 million dong (Collected in lump-

sum when a member

is admitted)

2 Equipment system use charge 20 million dong/each On the basis of the

terminal equipment quantity of terminals

and peripheral devices used by members

3 Charges for trading

3.1 Shares and investment fund

certificates 0.1% of traded value

3.2 Bonds 0.075% of traded value

4 Securities re-listing charge 0.04% of value of Not applicable to

to be-relisted securities Government bonds

5 Annual listing management charge Not applicable to Government bonds

5.1 For a listed value of less than

10 billion dong 15 million dong

5.2 For a listed value of from

10 to 30 billion dong 20 million dong

5.3 For a listed value of over

30 to 50 billion dong 25 million dong

5.4 For a listed value of

over 50 billion dong 30 million dong

6 Securities registration charge 0.075% of value of

registered securities

7 Custody membership fee 20 million dong Applicable to all

domestic and foreign custody banks

8 Share depositing charge 80 dong/1 share lot 1 lot = 100 shares

9 Share withdrawing charge 160 dong/1 share lot 1 lot = 100 shares

10 Share via-account transfer charge 80 dong/1 share lot 1 lot = 100 shares

11 Share custody charge 3 dong/share lot/day 1 lot = 100 shares

12 Bond consigning charge (3 dong/unit) (unit = 100,000 dong)

13 Bond withdrawing charge (6 dong/unit) (unit = 100,000 dong)

14 Via-account bond transfer charge 3 dong/bond unit (unit = 100,000 dong)

15 Bond custody charge (20 dong/unit) (unit = 100,000 dong) (To be collected every

six months).